Veidekke has entered into an agreement with GC Rieber Eiendom to erect an
environmentally certified commercial building with Norconsult as the largest
tenant. The project is a collaborative design and build contract valued at NOK
241 million excluding VAT.

"We are very pleased to extend our good cooperation with GC Rieber Eiendom from
the construction of hotel Viken Brygge (Moxy Bergen) which will be the nearest
neighbour. The project has very high environmental ambitions, which of course is
what we prefer to build. We really appreciate the commission," says district
manager Thor Småbrekke of Veidekke Bygg Bergen.

The project is called Fenderen and is uniquely located on the waterfront in the
heart of Solheimsviken in Bergen. The building will be in solid wood and will
have three floors and a basement totalling approximately 7,800 m[2 ]with an
energy mix of solar cells, electricity, district heating and seawater. The
design and choice of material have been made to ensure sustainability throughout
the entire life of the building, from construction to the possibility of
remodelling and reusing building parts upon demolition, and the building will be
classified in accordance with the BREEAM Outstanding (Paris Proof) standard.

- Fenderen is the third solid wood building for GC Rieber Eiendom and is being
built in the innovation district in Solheimsviken. We see it as an important
part of our social mission to bring together actors from academia, service
providers, business clusters, public administration and start-ups, and create
good working conditions and meeting places for the employees, says managing
director Tor Instanes of CG Rieber Eiendom.

The start-up of the construction and groundworks is planned for May/June with
completion scheduled for March 2026. Read more about the project
here (https://www.gcrieber-eiendom.no/vare-omrader/solheimsviken/).

For further information, please contact:
District Manager Thor Småbrekke, tel. +47 93 43 06 60,
thor.smaabrekke@veidekke.no
Commuunications Manager Helge Dieset, tel. +47 90 55 33 22,
helge.dieset@veidekke.no
CEO Tor Instanes of GC Rieber Eiendom, tel. +47 92 40 48 28,
tor.instanes@gcrieber.com

Veidekke's press photos (https://urldefense.proofpoint.com/v2/url?u=https
-3A__publish.ne.cision.com_l_rgogvhhfc_veidekke.fotoware.cloud_fotoweb_archives_
5
028-2DPressebilder-2DVeidekke&d=DwMFAw&c=euGZstcaTDllvimEN8b7jXrwqOf
-v5A_CdpgnVfiiMM&r=ovbabqGKDpqANTMEcsMzz-9gUee7B3zUc45MCxMEFGk&m=i
-n8T3KMESZQwOxqk
-nBbqrnaG4OsY3JhJihjj7WFdg&s=IDvroF98t_qnTa8RmB8ZqNNa6arSSm5M7FH2pjaZjsA&e=)
Subscribe to notices from
Veidekke (https://urldefense.proofpoint.com/v2/url?u=http
-3A__publish.ne.cision.com_l_rgogvhhfc_veidekke.com_no_borsmeldinger_abonner
-2Dpa-2Dmeldinger&d=DwMFAw&c=euGZstcaTDllvimEN8b7jXrwqOf
-v5A_CdpgnVfiiMM&r=ovbabqGKDpqANTMEcsMzz-9gUee7B3zUc45MCxMEFGk&m=i
-n8T3KMESZQwOxqk-nBbqrnaG4OsY3JhJihjj7WFdg&s=DLoCklEaGhEmoSc8K
-AtVjORmjflxPt6VFIyRt6vzlM&e=)
Veidekke (http://www.veidekke.no) is one of Scandinavia's largest contractors.
In addition to undertaking all types of building and civil engineering
assignments, the group also maintains roads and produces asphalt and aggregates.
Veidekke emphasises stakeholder involvement and local experience. Annual
turnover is approx. NOK 43 billion, and almost half of its 8,000 employees own
shares in the company. Veidekke is listed on the Oslo Stock Exchange and has
posted a profit every year since its inception in 1936.